T-Hub unveils Fintech Accelerator program along with DST and NPCI

Hyderabad: T-Hub on Tuesday announced the launch of the Fintech Accelerator program as well as the NPCI's txnnxt hub – an innovation lab at the premises of T-Hub.

For this first edition of the program, T-Hub has partnered with DST (Department of Science and Technology) playing a pivotal role in the promotion of science and technology in the country and NPCI (National Payments Corporation of India) being the umbrella organisation for retail payments system in India.

The Fintech Accelerator program, presented by DST as per its NIDHI (National Initiative for Developing and Harnessing Innovations) acceleration scheme, will be executed by T-Hub and NPCI to bring in scale-up opportunities for fintech startups with products and services for the digital payments sector.

Ravi Narayan, CEO, T-Hub, said, "India has solidified its position as the world's second-largest fintech hub, and startups have played a crucial role in changing the face of financial services of the country.

The fintech space is expanding rapidly, and the digital payments segment in India is expected to reach $135.2 billion in 2023 from $64.8 billion this year."